Asia-Pacific: Rice Bran Market 2024

Rice Bran Market Size in Asia-Pacific

The Asia-Pacific rice bran market skyrocketed to $X in 2021, growing by 47% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.0% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Rice Bran Production in Asia-Pacific

In value terms, rice bran production soared to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +81.6% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Rice Bran Exports

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in shipments abroad of rice bran, which increased by 17% to X tons in 2021. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 45%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, rice bran exports surged to $X in 2021. In general, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam dominates exports structure, finishing at X tons, which was approx. 74% of total exports in 2021. It was distantly followed by Malaysia (X tons), committing a 5.2% share of total exports. Australia (X tons), Nepal (X tons), Singapore (X tons), Thailand (X tons) and Pakistan (X tons) took a minor share of total exports.

Exports from Vietnam increased at an average annual rate of +24.8% from 2012 to 2021. At the same time, Pakistan (+31.4%), Malaysia (+29.7%), Thailand (+12.1%), Australia (+8.0%), Singapore (+3.7%) and Nepal (+1.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +31.4% from 2012-2021. Vietnam (+49 p.p.), Malaysia (+4 p.p.) and Pakistan (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Nepal saw its share reduced by -2.7% and -4.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest rice bran supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 3.3% share of total exports. It was followed by Nepal, with a 2.9% share.

In Vietnam, rice bran exports increased at an average annual rate of +22.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+20.4% per year) and Nepal (+10.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 36% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rice bran export price increased by +85.9% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+9.7%), while the other leaders experienced more modest paces of growth.

Rice Bran Imports

Imports in Asia-Pacific

In 2021, the amount of rice bran imported in Asia-Pacific soared to X tons, with an increase of 62% on the previous year. Overall, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rice bran imports skyrocketed to $X in 2021. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the major importer of rice bran in Asia-Pacific, with the volume of imports resulting at X tons, which was near 74% of total imports in 2021. It was distantly followed by Nepal (X tons), making up a 13% share of total imports. India (X tons) and Thailand (X tons) took a relatively small share of total imports.

Imports into China increased at an average annual rate of +69.9% from 2012 to 2021. At the same time, Thailand (+85.6%) and Nepal (+37.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +85.6% from 2012-2021. By contrast, India (-19.8%) illustrated a downward trend over the same period. While the share of China (+73 p.p.), Nepal (+11 p.p.) and Thailand (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-56.8 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported rice bran in Asia-Pacific, comprising 85% of total imports. The second position in the ranking was held by Nepal ($X), with a 4.7% share of total imports. It was followed by India, with a 2.1% share.

In China, rice bran imports increased at an average annual rate of +74.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nepal (+41.9% per year) and India (-17.9% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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